PANews reported on May 26 that according to Lookonchain analysis, although BTC hit a record high last week, four key technical indicators all show that the market has not yet reached its peak. Rainbow Chart predicts that the top of this cycle may exceed $200,000; the current monthly RSI is 71.35, which is close to the overbought zone, but historical data shows that there is still room for upward movement; the 200-week moving average heat map is currently blue, indicating that it is still a good time to hold and buy; the 2-year moving average multiplier shows that the price has not yet reached the top red line, and the market is still in the middle.
Analysis: Multiple technical indicators show that BTC has not yet reached its peak and still has room to rise
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Author: PA一线
This content is for market information only and is not investment advice.
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